MicroStrategy has raised $46.6 million by selling its securities since September 2022. This is stated in report for the US Securities and Exchange Commission.
In the fall, the analytics software provider filed for up to $500 million in shares and entered into an agreement with investment bank Cowen and Company and BTIG to act as financial intermediaries.
According to the documents, the organization has sold 218,575 Class A common shares to date. MicroStrategy plans to use net proceeds for purchases of bitcoins and general corporate purposes, including debt repayment.
“We have not determined the share of the proceeds that we will direct to one purpose or another,” the report says.
According to Bitcoin Treasuries, the analytics software provider owns 132,500 BTC. The last purchase of 2501 BTC for $44.6 million was recorded in December 2022.
Earlier, the founder of MicroStrategy, Michael Saylor, confirmed the course for further purchases of digital gold, despite the continued fall of the cryptocurrency market.
Recall that in January 2023, Chicago-based market maker Group One became the owner of 1,261,744 shares of the software provider, which is equivalent to a share of 13.49%.
In February, MicroStrategy reported a net loss of $249.7 million in the fourth quarter of 2022.
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